SpaceX is reportedly discussing $40bn in financing linked to Nvidia chips for its AI data centres. The Financial Times says the proposed package combines $10bn in bank loans with $30bn in investment-grade debt. Bloomberg calls the talks early stage, and neither SpaceX nor Nvidia has publicly confirmed a deal.
What would the financing pay for?
The reports say SpaceX would use the chips in its AI data centres, though they do not provide a public order or final purchase terms. In August, Elon Musk said SpaceX would build its data centres using only Nvidia hardware, according to the source material. That statement gives context for the reported financing, but it does not establish that the borrowing has been agreed.
How would the proposed package be structured?
The Financial Times reports a combination of $10bn in bank loans and $30bn in investment-grade debt, bringing the reported package to $40bn. Investment-grade debt is borrowing sold to investors who regard the borrower as relatively safe. The source material does not name all participating banks or disclose final pricing, repayment terms or lender commitments.
Who might arrange or provide the money?
Apollo Global Management is expected to lead the deal and distribute debt to a wide range of investors, according to the Financial Times. Pimco is among lenders reportedly in discussions, a detail attributed to both the Financial Times and Bloomberg. Those descriptions refer to expected or potential roles; they do not confirm that either organisation has committed funds.
Why are the reports’ timelines different?
The Financial Times says its sources expect completion in 2027, while Bloomberg describes discussions as early and says they might still end without an agreement. The accounts therefore offer different readings of progress rather than a single confirmed timetable. No public announcement in the source material settles whether negotiations are close to completion or whether financing will proceed.
What does SpaceX’s chip use show?
SpaceX also earns revenue by renting Nvidia GPU access to other companies. Google agreed to pay $920m a month for access to about 110,000 Nvidia GPUs, according to the source material. Elon Musk said the Colossus 2 site could more than double its Nvidia chip count by December; that is a stated possibility, not evidence that the expansion has happened.
Nvidia has also been involved in broader efforts to finance AI infrastructure. In August, it set up financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise more than $500bn, the source reports. That context shows financing activity around infrastructure, but it does not establish a direct link between those platforms and the reported SpaceX package.
The source material says SpaceX shares fell about 1% in after-hours trading on Tuesday, while Nvidia rose about 0.5%. Such movements followed the reporting, but they cannot confirm the status of private discussions. The amount, participants and timing remain subject to public confirmation. A company statement or updated reporting would clarify whether the talks result in an agreement.